Applying for new mortgage without partner's income

John2424

New Member

I currently own a property & am now looking to move. I have a joint mortgage with my wife who is currently on maternity leave. She is due to return to work officially in January 2020 but is not intending on going back. My question is - if we were to buy a property before then (in the next 6 months),would the bank/lender simply assume my wife will be back in full time employment & therefore any new mortgage we are offered will still be based on our joint income when she was receiving a full salary and not on her maternity pay?

Peter123

New Member

You must provide proof of your own income, credit, and assets Even if your wife earns more money than you do, you may still be able to qualify on your own if your income meets the lender's minimum standards.